1) I had purchased a 1BHK flat @ 1.75 Lakhs in 1988.
2) A valuer (Govt regd Valuer) gave a certificate of Ready reckoner Price of 6,54,815 as on 1st April 2001.
3) My question is whether FMV ( as termed in ITR-3) is same as Ready Reckoner price.
4) My Regd sale price in june 2023 is 91 lakhs and Ready reckoner price by dept is 65 Lakhs.
5) Whether I can take fair market value of property in 2001 as approx 20%/30% more than ready reckoner price
CAclubindia
